Dollinger Properties purchased the five-building R&D/office complex from Pacific Gulf Properties, a real estate investment trust based in Newport Beach, CA. Commercial Property Services agents Steve Pace and Scott Athearn brokered the sale for approximately $21 million. CPM represented both sides in the deal.
.Steve Pace of CPM says that the property was a quick sales mainly because of its excellent location, which is right off Lawrence Expressway and near Highway 101. Pace adds that the property's repositioning potential will be great once the new owners modernize the buildings.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
